Beyon B.S.CBAHRAIN: BEYON

Beyon Selected To Develop Kuwait’s National Fixed Telecom Network Project

· Issued by Beyon B.S.C

On 6ix: 6ix.com/news/beyon-selected-to-develop-kuwaits-national-fixed-telecom-network-project

Beyon BSC BAHRAIN:BEYON:

  • BEYON SELECTED BY KUWAIT AUTHORITY FOR PARTNERSHIP PROJECTS (KAPP) AS WINNING INVESTOR FOR KUWAIT’S NATIONAL FIXED TELECOMMUNICATIONS NETWORK DEVELOPMENT PROJECT

  • KAPP WILL HOLD 60% STAKE IN THE PROJECT COMPANY

  • BEYON WILL RETAIN A 40% STAKE

  • TOTAL INVESTMENT EXCEEDING $2.8 BILLION OVER LIFETIME OF AGREEMENT

  • ONCE PROJECT IS FULLY OPERATIONAL, KAPP WILL IPO A PORTION OF SHARES

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